Webinar on KFS & APR – New Rules by RBI on Retail & MSME Lending
-Vinod Kothari and Anita Baid | finserv@vinodkothari.com Our related resources on the topic:
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Entries by Team Finserv
Is half-truth a lie: Hidden Costs in zero-interest loans
-Chirag Agarwal & Archisman Bhattacharjee I finserv@vinodkothari.com In the realm of personal finance, the attraction of borrowing money without incurring interest charges is an enticing prospect. Zero percent interest rate loans, often advertised as promotional offers by retail financing companies, credit card companies, retailers, and financial institutions, have garnered significant attention in recent years. But […]
Offline Payment aggregators to be under regulatory scheme: RBI proposes amendments to PA regime
Archisman Bhattacharjee and Manisha Ghosh I finserv@vinodkothari.com Introduction On April 16, 2024, the Reserve Bank of India (RBI) issued Draft Directions on the Regulation of Payment Aggregators (PAs) (‘Draft PA Directions’) serving two primary purposes:
The Key to Loan Transparency : RBI frames KFS norms for all retail and MSME loans
All-inclusive APR disclosure; third-party payments also included; no lender-induced changes during the validity period of KFS -Team Finserv | finserv@vinodkothari.com (Updated as on April 25, 2024) The RBI vide its Statement on Developmental and Regulatory Policies dated February 08, 2024 announced its decision to mandate Regulated Entities (REs) to provide Key Fact Statement (KFS) for […]
India securitisation volumes 2024: Has co-lending taken the sheen?
Team Finserv | finserv@vinodkothari.com Three rating agencies reported different numbers, but barring the exception of one, the other two hold that the volumes in FY 24 have been lower than the last peak, FY 20. FY 20 was exceptional – it was the year post ILFS, where all balance sheet lenders and investors to NBFCs […]
Some relief in RBI stance on lenders’ round tripping investments in AIFs
– Team Finserv | finserv@vinodkothari.com The Reserve Bank of India on 19th December 2023 issued a notification[1] imposing a bar on all regulated entities[2] (REs) with respect to their investments in AIFs. We had covered the same in our earlier write-up. The Circular has already created some bloodshed as several banks took a hit in […]
Streamlined Regulatory Reporting Across Specified Entities
– Archisman Bhattacharjee & Kaushal Shah | finserv@vinodkothari.com What is the circular about? In order to harmonise the procedure of filing of regulatory returns across Supervised Entities (SEs) and create a single reference point, the RBI has issued Master Directions RBI (Filing of Supervisory Returns) Directions, 2024 (‘Returns Master Directions’) on February 27, 2024. As […]
Transparency in lending: RBI Mandates KFS for Retail and MSME Loans
– Chirag Agarwal, finserv@vinodkothari.com The RBI has vide its Statement on Developmental and Regulatory Policies dated February 08, 2024, announced its decision to mandate Regulated Entities (REs) to provide Key Fact Statement (KFS) for retail and Micro, Small & Medium Enterprise (MSME) loans. What is KFS? What are its contents?
Online Workshop on Regulatory Concerns on Fair Lending Practices and KYC
Register here: https://forms.gle/cQ3RYWAwhqd3hqTs7 Our resources on KYC can be accessed here. Our resources on SBR:
Regulatory oversight over Self Regulatory Organisations in the Fintech Sector
Analysis of the Draft Framework for Self Regulatory Organization(s) in the Fintech Sector – Archisman Bhattacharjee, finserv@vinodkothari.com Introduction On January 15, 2023, the Reserve Bank of India (RBI) published a draft Framework titled “Draft Framework for Self-Regulatory Organisation(s) in the Fintech Sector” (‘Framework’) with the objective of eliciting feedback and gauging stakeholder expectations. In this […]